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2023 (6) TMI 1180 - SC ORDERExemption u/s 11 - Charitable activity or not - Profit motive - Exemption was disallowed on the ground that registration u/s 12AA granted to the assessee stood cancelled - what's the charitable nature of activities carried out by assessee in terms of Section 2(15)? - ITAT and HC restored the registration and allowed the benefit of exemption - as decided by HC [2022 (8) TMI 1400 - ALLAHABAD HIGH COURT], mere selling some product at a profit will not ipso facto hit assessee by applying proviso to Section 2(15) and deny exemption available u/s 11 and proviso to Section 2(15) is not applicable to the facts and circumstances of the case, and the assessee was entitled to exemption provided under Section 11 HELD THAT:- No ground to interfere with the impugned judgment. The special leave petitions, accordingly, stand dismissed.
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